eltek asa (ELT) Related Businessweek News

eltek asa (ELT) Details

Eltek ASA, through its subsidiaries, develops, manufactures, and markets power systems and solutions for telecommunications and datacenters, power utilities, railway and metro, marine and offshore, solar, and other industries. The company’s power systems build on various power conversion modules and controllers, assembled into complete solutions meeting the required power and voltage ratings for different applications. It offers converters, rectifiers, inverters, monitoring, systems, enclosures, static bypass switches, and solar converters. The company also provides a range of services, including site surveys, project management, installation and commissioning, preventive maintenance, battery maintenance, emergency services, and product repair and training. Eltek ASA offers its solutions in approximately 100 countries worldwide. The company was founded in 1971 and is headquartered in Drammen, Norway.

eltek asa (ELT) Key Developments

Eltek ASA reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of NOK 1,068 million against NOK 973 million a year ago. EBITDA was NOK 37 million against NOK 112 million a year ago. EBIT was NOK 10 million against NOK 88 million a year ago. Pre-tax profit was NOK 19 million against pre-tax loss of NOK 66 million a year ago. Net profit from continuing operations was NOK 16 million or NOK 0.05 per diluted share against net loss from continuing operations of NOK 15 million or NOK 0.05 per diluted share a year ago. Net profit was NOK 16 million against net loss of NOK 59 million a year ago. Operating profit was NOK 9.7 million against NOK 88.4 million a year ago. Net loss attributable to equity holders of the company was NOK 21.8 million against NOK 57.7 million a year ago. Cash flow from operations was NOK 169.8 million against NOK 115.5 million a year ago. Capex, fixed assets was NOK 20.4 million against NOK 14.2 million a year ago. Capitalized intangibles were NOK 26.4 million against NOK 23.6 million a year ago. Adjusted EBIT was NOK 129 million and adjusted EBITDA NOK 156 million. Free cash flow from continuing operations was positive NOK 105 million.
For the year, the company reported revenue of NOK 3,809 million against NOK 3,671 million a year ago. EBITDA was NOK 286 million against NOK 398 million a year ago. EBIT was NOK 177 million against NOK 295 million a year ago. Pre-tax profit was NOK 118 million against NOK 216 million a year ago. Net profit from continuing operations was NOK 80 million or NOK 0.24 per diluted share against NOK 129 million or NOK 0.39 per diluted share a year ago. Net profit was NOK 48 million against NOK 50 million a year ago. Operating profit was NOK 177.2 million against NOK 295.5 million a year ago. Net profit attributable to equity holders of the company was NOK 41.2 million against NOK 50.0 million a year ago. Cash flow from operations was NOK 278.5 million against NOK 309.1 million a year ago. Capex, fixed assets was NOK 43.1 million against NOK 40.8 million a year ago. Capitalized intangibles were NOK 5.0 million against NOK 81.4 million a year ago.

Eltek ASA Announces Revenue Results for the Fourth Quarter 2014

Jan 26 15

Eltek ASA announced revenue results for the fourth quarter 2014. For the quarter, the company's revenue was approximately NOK 1,068 million, compared to NOK 973 million in the fourth quarter 2013.

Eltek to Power Enterprise and Data Center Network At New Southeast Bank Building with its High Efficiency Dc Power Plant

Dec 15 14

Eltek announced that its high efficiency (HE) DC power technology was selected to power the enterprise and data center computing resources for the new SouthEast Bank building in Farragut, TN. The project was successfully designed and installed by Eltek partners Taylor Telecom Solutions and Solara Technical. While DC power is common in telecom applications, it is just emerging as a lower cost, green solution for enterprise networks and data centers because it offers dramatically less power loss due to conversion from AC to DC. SouthEast Bank engaged Taylor Telecom and Solara to help it build a network in its new four-story headquarters building. The company required connectivity to support traditional PCs, WYSE zero clients, VoIP handsets, wireless access points, IP security cameras, and other network connections. Eltek’s Integrated Power System with Energy Star-qualified V-Series HE rectifiers are powering all of the facility’s remote gigabit-capable passive optical network (GPON) terminals. The 48V DC integrated power system is located in a centralized data room, with GMT 10X-U distribution panels located next to each optical splitter. All equipment in the network is powered either directly from the integrated power system or, for AC-powered equipment, through a telecom-grade DC-AC inverter. The power system design demonstrates the ability to distribute power from one centralized source compared to an AC-power architecture that requires distributed uninterrupted power supply (UPS) systems with numerous external AC plugs for the optical network terminals (ONTs). The centralized DC system provides much longer battery back-up capability, with cost-effective telecom-grade, long-life batteries. The initial cost of the system is low, and it can easily be expanded with the simple addition of supplemental plug-in modules. Eltek’s V-Series HE rectifiers deliver power density, high reliability, and efficiency levels that exceed 95 percent. The remote monitoring, maintenance, and data collection capability of the system strongly supports SouthEast Bank’s desire to fully monitor and control the entire network from offsite locations.

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